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Reported Earlier, Mitsubishi Electric To Invest $143.5M In U.S.-Based Factory For High-Efficiency Heat Pump Compressor Production

Benzinga ·  Dec 12 22:30

While the company will make a significant investment in this project, its U.S. subsidiary, MELCO HVAC US, Inc., is pleased to receive a $50 million award from the U.S. Department of Energy (DOE)'s Office of Manufacturing and Energy Supply Chains (MESC) for the domestic production of high-efficiency heat pump technology. This funding will be allocated over three years for the retrofitting of the U.S. factory.

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